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Dec 14, 2012
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are you comfortable with the system you have now in new york? i understand the medallion changes hands for $800,000. so you have a few people who control a lot of these licenses. who are creaming off most of the profits. then you have often first generation immigrants who are tearing around on the street 12-hour days trying to make a living? is that fair? >> medallion now trades for $1 million. so i think that does prove your point in a sense. look, we are -- the biggest issue in new york city is outside the core service area in midtown, downtown manhattan. mayor bloomberg has gotten legislation out to let us create a whole separate class of taxis that will operate in the boroughs. we do need more cabs. that $1 million price -- >> did it get approved? >> the governor signed it, the taxi owners, they have a lot at stake. they've sued and it's in court now. we're going to get a final decision by may or june. i'm sure we're going to win and put the new meltions on the street. >> did anyone find my wallet? >> that's the most common call we get. with
are you comfortable with the system you have now in new york? i understand the medallion changes hands for $800,000. so you have a few people who control a lot of these licenses. who are creaming off most of the profits. then you have often first generation immigrants who are tearing around on the street 12-hour days trying to make a living? is that fair? >> medallion now trades for $1 million. so i think that does prove your point in a sense. look, we are -- the biggest issue in new york...
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Dec 10, 2012
12/12
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we're here at the new york stock exchange. let's get a check on how we're setting up for the first trading session of the week. we certainly have a lot to chew on over the weekend with the sunday talk shows, focusing on the fiscal cliff. it looks like we're looking at a lower open for the dow. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected novem
we're here at the new york stock exchange. let's get a check on how we're setting up for the first trading session of the week. we certainly have a lot to chew on over the weekend with the sunday talk shows, focusing on the fiscal cliff. it looks like we're looking at a lower open for the dow. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's...
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Dec 13, 2012
12/12
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>>> new york mercantile exchange is bracing for the release of natural gas data. get down to sharon epperson and see exactly where we stand. good morning, sharon. >> good morning, simon. natural gas futures right now selling off once again p the selloff has continued for the better part of a week now and we are looking at natural gas prices that are right near a key technical level, around $3.35 per million btus. this is a very technical support level and a low here and the low here this morning could send prices down to 3.25. so, maybe even the $3 level some traders are saying. right now the energy department is saying there was an increase in 2 billion cubic feet in terms of natural gas in storage in the past week. now, this is very bearish compared to what we have seen in the past year and the five-year average, where we have seen as much of a trim digit triple di in storage levels. we have seen warmer-than-normal temperatures and is expected to continue the next six to ten days, another factor pressuring price bs but in terms of what w are seeing here, 2 billi
>>> new york mercantile exchange is bracing for the release of natural gas data. get down to sharon epperson and see exactly where we stand. good morning, sharon. >> good morning, simon. natural gas futures right now selling off once again p the selloff has continued for the better part of a week now and we are looking at natural gas prices that are right near a key technical level, around $3.35 per million btus. this is a very technical support level and a low here and the low...
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Dec 20, 2012
12/12
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unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge this week. >> potentially, the italian enginemaker. >> the fiscal cliff, result supposed to be frozen? aren't we supposed to be paralyzed? >> i guess the clock ran out on everybody saying we can't do anything? >> this is huge for us. >> i don't have a legitimate answer for you. none of these transactions are going to close this year, not a result of let's get something done by year end to avoid capital gains. >> something changed in people's attitudes, david. >> pent up demand for dealmaking that's been there. maybe a reflection that okay, going to get something done and so i feel a littl
unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge...
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Dec 18, 2012
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great reporting on the part of "the new york times." today's anecdotes about the store right there, very interesting. we'll see. as we all know, the stock had a historic rally after that story. >> the alleged bribery. walmart shares, by the way, a little bit higher. it doesn't seem like there's a huge impact by this "times" article. >> thanks so much. >> thank you. >> the source of many shareholders' frustrations. who are the worst ceos of 2012. henry mcveigh, head of asset allocati allocation, where does he see the best opportunities. one more look at futures this morning. hanging on to optimism despite allegations of fiscal cliff deal. >>> welcome back. server said it will immediately begin selling investments in the company that makes the bushmaster rifle used by the shooter. all dpuns have been removed from stores near newtown. a lot of debate about the degree to which private equity has inserted itself into the debate. some investors may be rethinking their position on investing in companies like freedom, and certainly you read the
great reporting on the part of "the new york times." today's anecdotes about the store right there, very interesting. we'll see. as we all know, the stock had a historic rally after that story. >> the alleged bribery. walmart shares, by the way, a little bit higher. it doesn't seem like there's a huge impact by this "times" article. >> thanks so much. >> thank you. >> the source of many shareholders' frustrations. who are the worst ceos of 2012. henry...
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Dec 19, 2012
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the international editor for "time" magazine joins us from new york. good morning to you. >> good morning. >> you're the international editor because they just named morsi as a contender. why the president? >> well, we elected the president because we thought ultimately this election was even more consequential than 2008. the 2008 election was really about hope and change and the historical place of barack obama. this is actually a verification, and an ensconcement. he won this election very conclusively. demographics not only in his favor, but he successfully exploited them. he got people to vote who usually do not vote, and he's now down it two elections in a row. >> it gets so much attention, even in the face of what we know magazines have been through. and of course, a lot of criticism. the main thing we're hearing back today, especially in social media, is that it's too obvious. how do you get away from that? in any year where the president is obviously a looming figure? >> the president of the united states is a candidate really in any year. and
the international editor for "time" magazine joins us from new york. good morning to you. >> good morning. >> you're the international editor because they just named morsi as a contender. why the president? >> well, we elected the president because we thought ultimately this election was even more consequential than 2008. the 2008 election was really about hope and change and the historical place of barack obama. this is actually a verification, and an ensconcement....
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Dec 4, 2012
12/12
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we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat open across the board. as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit reduc
we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat open across the board. as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue...
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Dec 17, 2012
12/12
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we are live from the new york stock exchange. let's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tip
we are live from the new york stock exchange. let's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in...
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Dec 6, 2012
12/12
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it's funny, you pick up the paper today, in the "new york times," the new imac is down. >> you take a look at any great consumer products company and it had some sort of a cult following. nike. >> it's the curse of the $600 million market cap. >> it's really big, they got to get to where the people who own it actually like it, are not worried, are not options holders. reminds me of silver at a much higher price one day. >> i think the company is trying to corner the market. >> wow, that was some move. but the we cans have to go and the people who are looking at the fiscal cliff and getting that tax bill and people are saying i do own this in my "mad money" account, i can understand why they would want to sell it. >> revenues light as well. they are claiming not only the election, not only the cliff, but broad economic concern, traffic levels coming down on this. >> this is a very well run company that has missed and made and beaten, you can see the chart, missed, made, missed, made. this is not for strond. nordstrom. >> this week on twitter, they realize people are done playing with f
it's funny, you pick up the paper today, in the "new york times," the new imac is down. >> you take a look at any great consumer products company and it had some sort of a cult following. nike. >> it's the curse of the $600 million market cap. >> it's really big, they got to get to where the people who own it actually like it, are not worried, are not options holders. reminds me of silver at a much higher price one day. >> i think the company is trying to...
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Dec 3, 2012
12/12
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this is new york -- i don't mean to be too centric. the foreign cars have to replenish quickly. american cars have to be put on a trailer and take them here. >> again, those numbers coming out later on and we expect them to be good. in addition to ism which comes out at 10:00, which will be a market mover for sure. when we come back this morning, get ready for a special dividend called cramer's mad dash payable to shareholders of record today. we'll hear what jim has to say and if it can pay out for you and later, jpmorgan chief u.s. economist, michael feroli. futures up 60. back in a minute. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm
this is new york -- i don't mean to be too centric. the foreign cars have to replenish quickly. american cars have to be put on a trailer and take them here. >> again, those numbers coming out later on and we expect them to be good. in addition to ism which comes out at 10:00, which will be a market mover for sure. when we come back this morning, get ready for a special dividend called cramer's mad dash payable to shareholders of record today. we'll hear what jim has to say and if it can...
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Dec 12, 2012
12/12
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glen hubbard joins us from new york city. hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-
glen hubbard joins us from new york city. hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he...
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Dec 11, 2012
12/12
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phil lebeau in new york. willy walsh making a bet with richard branson that the virgin airlines brand will not be around in five years. branson offered to bet 1 million pounds, walsh reportedly said, i don't have a million pounds. a knee in the groin maybe. that's as painful to him as it might be to me. why can't our executives be that creative. >> that's so colorful. >> a ceo challenging another one like that in this country? >> it would be rare. >> it's rare. usually they control the company. that is typically -- they have large shareholders, they're never going to say something like that. >> they don't often mention body parts. >> only a guy could really appreciate that story. >>> cramer's live in washington. six stocks in 60 seconds. >>> if lawmakers do not agree on a budget by january 1st, 2013, the expiration of the 2001, 2003 and 2009 tax cuts will generate $225 billion in revenue for the federal government. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewar
phil lebeau in new york. willy walsh making a bet with richard branson that the virgin airlines brand will not be around in five years. branson offered to bet 1 million pounds, walsh reportedly said, i don't have a million pounds. a knee in the groin maybe. that's as painful to him as it might be to me. why can't our executives be that creative. >> that's so colorful. >> a ceo challenging another one like that in this country? >> it would be rare. >> it's rare. usually...